ACCEPTANCES

Noun

acceptances

plural of acceptance

Source: Wiktionary


ACCEPTANCE

Ac*cept"ance, n.

1. The act of accepting; a receiving what is offered, with approbation, satisfaction, or acquiescence; esp., favorable reception; approval; as, the acceptance of a gift, office, doctrine, etc. They shall come up with acceptance on mine altar. Isa. lx. 7.

2. State of being accepted; acceptableness. "Makes it assured of acceptance." Shak.

3. (Com.) (a) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance. (b) The bill itself when accepted.

4. An agreeing to terms or proposals by which a bargain is concluded and the parties are bound; the reception or taking of a thing bought as that for which it was bought, or as that agreed to be delivered, or the taking possession as owner.

5. (Law)

Definition: An agreeing to the action of another, by some act which binds the person in law.

Note: What acts shall amount to such an acceptance is often a question of great nicety and difficulty. Mozley & W.

Note: In modern law, proposal and acceptance are the constituent elements into which all contracts are resolved. Acceptance of a bill of exchange, check, draft, or order, is an engagement to pay it according to the terms. This engagement is usually made by writing the word "accepted" across the face of the bill. Acceptance of goods, under the statute of frauds, is an intelligent acceptance by a party knowing the nature of the transaction.

6. Meaning; acceptation. [Obs.] Acceptance of persons, partiality, favoritism. See under Accept.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

25 April 2024

TYPIFY

(verb) embody the essential characteristics of or be a typical example of; “The fugue typifies Bach’s style of composition”


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Coffee Trivia

According to Guinness World Records, on 25 September 2016, the Birla Institute of Management Technology (India) in Uttar Pradesh, India, constructed the largest coffee cups pyramid consisting of 23,821 cups. They used paper takeaway coffee cups to build the pyramid.

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